[Illinois Releases Draft Guidelines for 0.2% Crypto Transaction Tax Covering Stablecoins, DeFi, and Cross-Chain Transfers] According to a report by Cointelegraph on September 30, Illinois tax officials have released draft guidelines clarifying the 0.2% digital asset transaction tax that has already taken effect. The tax applies to stablecoins, DeFi platforms, cross-chain bridges, and self-custody wallet transfers. The draft specifies: stablecoins are considered taxable digital assets, while NFTs are excluded; DeFi transactions are generally exempt unless users pay fees deemed as 'valuable consideration' (e.g., platform operation and maintenance protocol fees). Network fees and exchange fees paid solely to liquidity providers do not trigger taxation. Cross-chain bridging conducted via brokers and centralized platform transfers to self-custody wallets that involve exchange fees may also be taxable. The tax law was passed in June and is set to take effect on January 1, 2027, with public comments open until October 30.